Rashi Peripherals Ltd. IPO
Rashi Peripherals Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹311
Issue Price
Listing Price
₹335
Listing Price
Listing Gains
+₹24.00 (+7.72%)
Listing Gains
IPO Details
Bidding Dates
07 Feb - 09 Feb '24
Bidding Dates
Min. Investment
₹14,160
Min. Investment
Lot Size
48.00
Lot Size
Price Range
₹295 - ₹311
Price Range
Issue Size
420 Cr
Issue Size
Subscription Rate
- Retail Individual Investor10.44x
- Non-Institutional Investor62.75x
- Qualified Institutional Buyers143.66x
- Employees
About Company
Founded in 1989, Rashi Peripherals Limited is an Indian company specializing in distributing global technology brands focused on Information and Communication Technology (ICT). They offer value-added services like pre-sales support, technical assistance, and marketing solutions. The company operates through two main divisions:
Personal computing, enterprise, and cloud solutions (PES): Providing personal computing devices, enterprise solutions, and cloud computing services.
Lifestyle and IT essentials (LIT): Distributing components, storage devices, lifestyle peripherals, power devices, and networking/mobility devices.
Important Dates - Rashi Peripherals IPO
| Application opens on | 7th February 2024 |
| Last date of application | 9th February 2024 |
| Date of Allotment | 12th February 2024 |
| Refund begins from | 13th February 2024 |
| Credit of shares to Demat | 13th February 2024 |
| Listing date | 14th February 2024 |
Why should you invest in Rashi Peripherals Ltd. IPO?
The company is a key player in the Indian market for distributing ICT products. It showed strong performance in FY21 and FY22, aligning with industry trends during the pandemic. While FY23 experienced margin challenges, H1-FY24 indicates a recovery. Given the FY24 earnings outlook, the valuation appears fair. Investors seeking medium to long-term gains may find it worth considering.
Rashi Peripherals IPO Grey Market Premium
| Date | GMP |
|---|---|
| 06th February | Rs.70 |
| 05th February | Rs.70 |
| 04th February | Rs.85 |
Rashi Peripherals Ltd. IPO - SWOT Analysis
Strengths
The company is among the largest distributors of ICT products for various global tech firms in India, with sales and service centres in 50 cities and warehouses in 730 locations across 28 states and union territories. It employs multi-channel distribution systems to cater to Tier 2 and 3 cities nationwide and boasts enduring partnerships with several prominent international technology brands.
Weaknesses
The company's performance is closely tied to the health and expansion of the ICT sector, leaving it vulnerable to downturns or adverse industry shifts. It faces stiff competition from both established firms and emerging players in the ICT distribution market, posing challenges to maintaining market share and profitability. Additionally, although Rashi Peripherals has a robust operational background, its relatively short public trading history limits the availability of data, making it somewhat challenging to evaluate future potential.
Opportunities
Rashi Peripherals maintains an extensive and continually updated product portfolio to meet evolving digital trends, supported by an advanced technology stack that allows the company to adjust its operations in response to market conditions and scale efficiently.
Threats
The company's operations and profitability are susceptible to disruptions in the supply chain from its global technology partners. Additionally, any decline in the reputation of these partners can have a detrimental effect on its business.
Financial Snapshot - Rashi Peripherals IPO
Check out the financial performance of Rashi Peripherals for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 1594.39 crore | Rs 5930.24 crore | Rs 136.35 crore |
| March 2022 | Rs 2,669.76 crore | Rs 9,321.92 crore | Rs 182.51 crore |
| March 2023 | Rs 2798.60 crore | Rs 9468.95 crore | Rs 123.34 crore |
Rashi Peripherals IPO Noteworthy Highlights
- The issue is entirely a fresh issue of 1.93 crore shares.
- The company plans to utilize the Net Proceeds from the Offer to prepay or partially repay certain outstanding borrowings, fund working capital requirements, and for general corporate purposes.
How to apply for Rashi Peripherals Ltd. IPO?
You can apply for the Rashi Peripherals Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Rashi Peripherals Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
